Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Cost-push factors may drive US inflation in May higher than expected Service-sector inflation (demand-pull inflation) has the potential to ease, following the May ISM Services Index dropping to 49.9 — marking its first contraction in nearly a year.</li><li>However, cost-push inflation poses upside risk thanks to a 4% MoM increase in natural gas prices and a 5% MoM rise in oil prices.</li><li>Supply shortages also continue to threaten production costs, leading to accelerated input cost pressures (Figure 1). As detailed in the June 4, 2025, edition of KTX AHEAD, this creates a scenario where US inflation could exceed market expectations (consensus forecast: +0.2% MoM and +2.5% YoY, compared to April’s +0.2% MoM and +2.3% YoY).</li></ul>

Cost-push factors may drive US inflation in May higher than expected Service-sector inflation (demand-pull inflation) has the potential to ease, following the May ISM Services Index dropping to 49.9 — marking its first contraction in nearly a year.However, cost-push inflation poses upside risk thanks to a 4% MoM increase in natural gas prices and a 5% MoM rise in oil prices.Supply shortages also continue to threaten production costs, leading to accelerated input cost pressures (Figure 1). As detailed in the June 4, 2025, edition of KTX AHEAD, this creates a scenario where US inflation could exceed market expectations (consensus forecast: +0.2% MoM and +2.5% YoY, compared to April’s +0.2% MoM and +2.3% YoY).

Thai Foods Group Public Company Limited (TFG TB)

KTX Ahead: Thai Economy May Not Be as Weak as Feared -  June 9, 2025